Penny Stocks: Unbelievable returns on stocks under Rs 10! Any shares that fill the pocket? –

Penny Stocks: Overnight, Wall Street indexes extended their rally, driven by technology stocks. Following strength in global technology equities, Indian domestic IT stocks rose, making BSE Information Technology the session’s best-performing sector.

The top gainers from the pack were Happiest Minds Technologies, Newgen Software Technologies and Moschip Technologies, which impressed investors with their impressive uptrend. Consumer durables and auto stocks also rose slightly. BSE Realty and BSE Telecommunications were the worst performers, with losses of over 1%.

On the BSE, the advance-decline ratio remained neutral, with 1,659 shares rising and 1,621 shares falling. Despite starting the session higher, the BSE Smallcap index was lower. Shares of Root Mobile Ltd, the top BSE smallcap gainer, rose over 10% with a 24-fold increase in volume. Shares of Gravita India Ltd and Spencer’s Retail Ltd were also heavily bought.

At 11:25 hrs, the BSE Sensex advanced 0.21%, touching the level of 61,067. The Nifty 50 index rose 0.16% to 18,147 levels. On the Sensex, Tata Motors, Asian Paints and HCL Technologies were the top gainers, while Axis Bank, Power Grid Corporation of India and Bharti Airtel dragged the market.

Below is the list of penny stocks locked in the above circuit today. Keep a close eye on these stocks for the upcoming session.

Sr. No Stock Name LTP Change (%)
1 GCM Capital Advisors 7.83 9.97
2 Rama Petrochemicals 4.2 5
3 Manor Estates & Industries 3.99 5
4 ISF Ltd 2.52 5
5 Padmalaya Telefilms 2.52 5

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